Cost of Living in Miami Lakes, FL
Population 31,553 · Census ACS 2020–2024 5-year estimates
The median rent in Miami Lakes, FL is $2,120/month, 27% higher than the Florida median and 50% higher than the U.S. median. The median home value is $626,400, 88% higher than the national median. Households earn a median of $101,557 a year, 36% higher than the state median.
Affordability
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Miami Lakes vs. Florida vs. U.S.
| Miami Lakes | Florida | U.S. | |
|---|---|---|---|
| Median rent | $2,120 | $1,669 | $1,413 |
| Median home value | $626,400 | $359,000 | $332,700 |
| Median household income | $101,557 | $74,568 | $80,734 |
| Homeownership rate | 59.8% | 67.6% | 65.2% |
| Bachelor's degree or higher | 43.7% | 34.1% | 35.7% |
| Poverty rate | 6.0% | 12.6% | 12.5% |
| Unemployment rate | 3.1% | 4.8% | 5.2% |
| Work from home | 11.3% | 15.7% | 15.1% |
| Median age | 41.3 | 42.6 | 38.9 |
FAQ
What is the average rent in Miami Lakes, FL?
The median gross rent in Miami Lakes, FL is $2,120 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Miami Lakes, FL?
Using the common 30% rule, renting a median-priced home takes about $84,800 a year in gross income.
Is Miami Lakes, FL expensive to live in?
Rent there is 50% higher than the U.S. median, and the median home costs about 6.2 times the median household income.
Other cities in Florida
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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